GPGI, Inc. (GPGI) director elects stock options over $50k cash retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GPGI, Inc. director Kevin M. Moriarty reported receiving two grants of stock options on June 11, 2026. He was awarded 10,246 and 71,722 options to buy Class A common stock at an exercise price of $12.16 per share.
The options were granted as compensation under the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy in place of a $50,000 annual cash retainer at his election. The options vest in four equal annual installments of 25% starting on June 11, 2027 and on each of the next three anniversaries, and expire on June 11, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Moriarty Kevin M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 71,722 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 10,246 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 71,722 shares (Direct, null)
Footnotes (1)
- The Stock Options will vest in equal annual installments of 25% each on June 11, 2027 and on the first, second, and third anniversaries thereof. The Stock Options were issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy in lieu of the annual cash retainer of $50,000 at the Director's election.
Key Figures
First option grant size: 10,246 options
Second option grant size: 71,722 options
Exercise price per share: $12.16/share
+3 more
6 metrics
First option grant size
10,246 options
Stock Option (Right to Buy) granted on June 11, 2026
Second option grant size
71,722 options
Stock Option (Right to Buy) granted on June 11, 2026
Exercise price per share
$12.16/share
Conversion or exercise price for both option grants
Cash retainer replaced
$50,000
Annual cash retainer forgone in exchange for stock options
Vesting schedule
25% per year over 4 years
Equal annual installments starting June 11, 2027
Option expiration date
June 11, 2036
Expiration for both sets of stock options
Key Terms
Stock Option (Right to Buy), Class A Common Stock, Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy, annual cash retainer, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Class A Common Stock financial
"underlying_security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy financial
"issued pursuant to the Amended and Restated GPGI, Inc. Non-Employee Director Compensation Policy"
annual cash retainer financial
"in lieu of the annual cash retainer of $50,000 at the Director's election"
vest in equal annual installments financial
"will vest in equal annual installments of 25% each on June 11, 2027"
FAQ
What did GPGI Form 4 report for director Kevin M. Moriarty?
The Form 4 shows Kevin M. Moriarty received two grants of stock options to buy Class A common stock, awarded as non-cash director compensation in place of a $50,000 annual retainer, with vesting over four years and a set expiration date.
How many GPGI stock options did Kevin Moriarty receive on June 11, 2026?
Kevin Moriarty received 10,246 and 71,722 stock options on June 11, 2026. Each option relates to one share of GPGI Class A common stock and carries the same exercise price and vesting schedule under the company’s director compensation policy.
What is the exercise price and term of Kevin Moriarty’s GPGI stock options?
Both grants carry an exercise price of $12.16 per share and expire on June 11, 2036. This gives Moriarty a long-dated option to buy GPGI Class A common stock at that fixed price if the vesting conditions are met.
How do Kevin Moriarty’s GPGI options vest under the director policy?
The options vest in four equal annual installments of 25%. Vesting starts on June 11, 2027, then continues on the first, second, and third anniversaries of that date, aligning compensation with multi-year board service and long-term company performance.
Why did Kevin Moriarty receive GPGI stock options instead of cash?
Moriarty elected to receive stock options under GPGI’s Amended and Restated Non-Employee Director Compensation Policy instead of a $50,000 annual cash retainer. This shifts his director compensation toward equity, linking value to future share performance over time.